Hanover January 24, 2009. At today’s meeting of the Supervisory Board of Continental AG, the Supervisory Board gave its consent to the request of Dr. Alan Hippe, Vice Chairman of the Executive Board, CFO and Head of the Rubber Group of Continental AG, to release him from his duties as member of the executive board of Continental AG prematurely as of February 28, 2009 by mutual agreement. His succession will be appointed in the coming weeks.
Dr. Hippe has been a member of the Continental AG’s Executive Board since June 2002 and, as CFO, is responsible for the areas of Finance, Controlling, IT and Law. In addition to his function as CFO, Dr. Hippe has headed the North American tire operations since June 2005, returning them to profitability in 2007 after numerous years of heavy losses. Dr. Hippe has been responsible for the Passenger and Light Truck Tires division since April 2008, and in September 2008 he was appointed Vice Chairman of the Executive Board. The Executive Board and the Supervisory Board of the company thank Dr. Hippe for his most outstanding achievements for Continental during a decisive phase in its corporate history.